Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 2LO: Identify the various sources of consumer loans.
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Question
Explain The Federal Home Loan Mortgage Corporation?
Expert Solution
Step 1
Federal Home Loan Mortgage Corporation is a private corporation which is established with the main aim of providing finances in the housing market by purchasing mortgages from banks. It ensures the availability of finance to housing projects and economic development activities.
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